HECM for Retirement Program

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Enjoy your retirement on your terms.

Stability and success are important at every stage in your life. For those exploring reverse mortgages, we understand that your family and your security are paramount. We provide quality customer care you can trust. We’ll guide and educate you through the process to make it manageable, with transparent communication and a commitment to make sure your needs are taken care of before, during and after the loan. We’re dedicated to helping you achieve your financial goals.


The Home Equity Conversion Mortgage (HECM for short) has rapidly become part of the financial planning world. No longer considered a loan of last resort, the new and improved HECM could help those who may not necessarily need cash now, but wish to secure the longevity of their savings. And considering that your home may be your largest asset, you owe it to yourself to learn more about the HECM.

A better mortgage.

A better future.

We want to help you purchase your dream home using H4P. Contact us today or Find a Branch near you and together we can prepare you for your journey to financial security.

  • Must be 62 years or older
  • Live in the home as primary residence; vacation homes and investment properties do not qualify
  • Complete a HUD-approved counseling session
  • Must be able to pay homeowners taxes, insurance, and any applicable HOA fees


Helping You to
Understand Your Options

Explore our free e-guides, vidtorials, and infographics on topics related to reverse mortgages.

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Things to know about Reverse Mortgages:

  • At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds
  • Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums and servicing fees
  • The loan balance grows over time and interest is charged on the outstanding balance
  • The borrower remains responsible for property taxes, hazard insurance and home maintenance, and failure to pay these amounts may result in the loss of the home
  • Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment

More Resources

Open Mortgage offers a trove of resources from easy, quick videos to detailed educational resources. We’ve got you covered!